You might want to do some DD on EIT.UN on the Toronto exchange and EVDVF on the OOTC. Canadian trust of trusts (holds between 80-100 Canadian Trusts), pays monthly, currently ~11.6%.
If held in tax deferred account then no taxes with held, if in a taxable then 15% Canadian Tax with held at the source.
All stocks are expensive right now IMHO, also Enervest usually has a rights offer every Jan-Feb. the 2004 offering bearly effected unit price while the 2003 dropped it ~.80-1.00 Canadian IIRC and held it down for a number of months.
I hold a fair amount in each of the 4 accounts I manage (taxable and IRAs). This link for general info: www.enervest.com/DiversifiedIncomeTrust.asp
and this one lists latest reported holdings: www.enervest.com/DiversifiedIncomeTrust-Holdings.htm